Question

Economics is often described as a social science because?

A laboratory experiments are performed
B It makes use of controlled experiments
C It uses scientific methods to explain an observed phenomenon and predict future events
D It makes use of fieldwork

Answer 1

The correct answer is C. It uses scientific methods to explain an observed phenomenon and predict future events

Economics is often described as a social science because it uses scientific methods to explain observed phenomena and predict future events.

It focuses on human behaviour, particularly how individuals, households, and firms make decisions and interact with one another